All borrowers, regardless of loan size, can use SBA's direct forgiveness portal. Applying for forgiveness using the portal can take as little as 15 minutes.The SBA may forgive certain business loans for self-employed individuals, including PPP loans, but there are many factors at play. Sole proprietors, independent contractors and eligible selfemployed individuals may also participate in the program, as can nonprofits. PPP Loan Application Form 3508S: Forgiveness Simplified. A new Paycheck Protection Program loan forgiveness application form is out. COVID19 EIDL is not forgivable. View loan balance and make payments. EIDL loans (not advances) must be repaid over 30 years. Unlike PPP loans, there is no forgiveness process for these loans.